Oh Christ Reviewed the growth projection of Gross Domestic Product (GDP) 2025 to 1.9%. In the previous report, it is 2.1%.
Projection appears in the quarterly inflation report released on Thursday (27).
“This change reflects the decline in industry and services, which is related to negative surprises in the fourth quarter and the hope of a more obvious slowdown throughout the year is partially offsed by projection for agriculture,” the document said.
The monetary authority demonstrates more important growth in the first quarter. In this scenario, the minimum wage increase, the release of additional resources from the FGTS Guarantee Fund (FGTS) and contribute to the assessment of a record soybean crop, whose crop is concentrated at the beginning of the year.
According to the report, the projection industry and services of GDP growth of 2025 echoes discharge in agriculture.
- Agriculture: Increased from 4% to 6.5%;
- Industry: went from 2.4% to 2.2%;
- Services: Returned from 1.9% to 1.5%.
If the projection of 2025 GDP is verified, when the Brazilian economy has increased 3.4%, this number indicates a slowdown in relation to 2024.
According to the Central Bank, the expected decline is associated with the most contraction of the monetary policy, with the lowest economic inspiration, with the control of the level and global growth on production factors.
In the report, the monetary authority points out that the central scenario has increased, taking into account the external and domestic factors.
“In the United States, conjunctive and economic policy, especially about their trade policy, will raise more doubts about the rhythms of the deterioration of economic activity, economic activities and decline, and as a result, the Fed’s posture and other countries’ growth.”
The evolution of credit
The nominal growth of the National Financial System (SFN) credit balance has been reviewed from 9.6% to 7.7% to 2025 to 2025, with a low growth scene and high monetary tightness.
“Rebuilding reflects the perspective of high interest rates scenario, lower growth in economic activities and cooling market cooling, indebted and high income commitment, as well as more control conditions of credit supply,” he said.
In free credit, projection people went to legal entities from 10% to 8.5% and 9% to 7%.
In credit, credit growth projection for individuals has been reduced from 10% to 7.5%, but for legal entities, the projection of credit growth has been adjusted to 7.5%.
